Internal Audit Head - Saudi and Iraq, Citi

Citi

Location:
Saudi Arabia, Riyadh

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The Head of Audit – Saudi Arabia and Iraq is responsible for performing audits and assessments of Citi’s risk and control environments in coordination with the Audit team. By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Job Responsibility:

Execution of Country Audit assurance plan in line with Citi IA methodology by understanding regulatory landscape and key risks related to Citi franchise, overseeing, and reviewing work completed by other team members and identifying opportunities for enhancing efficiency and quality of delivery
Delivering on time high quality Audit reports, Internal Audit and Regulatory issue validation, as well as business monitoring and governance committee reporting
Providing oversight as Audit Controller for other countries in Middle East and Africa (MEA) cluster in Country audits and issue validations as required
Leading, providing supervision, and developing medium-sized team of auditors within the cluster to ensure quality audit and regulatory delivery
Representing Citi IA function in discussions with regulators within the cluster and delivering regulatory commitments
Partnering with the IA product and functional teams to ensure alignment and focus on critical priorities and oversee strategic coordination
including monitoring progress and tracking actions in achieving stated critical priorities and ensuring effective communication and information flow across team leads
Working with IA Quality Assurance (QA) team to address any QA findings, regulatory issues against IA etc
Working with IA Management Information (MI) team to analyse audit data in audit systems from a regional perspective
ensuring corrections are made, as required, and following up to ensure errors detected are sustainably addressed
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency
Maintaining an appropriate, pro-active, constructive, solutions-driven relationship as the independent auditor with the Citi Country Officer (CCO)
and support the CCO in the fulfilment of their responsibilities in respect of governance, risk management and internal control
Ensuring the Audit Committee, CCO and in-country Management receives prompt, timely and complete information relating to the activities of Internal Audit as part of governance forums and regular updates

Requirements:

Minimum 12 years of experience (with at least 8 years in banking)
Higher degree or related certifications (ACCA, CIA, CPA, ACA, CFA, CISA, CAMS or similar) is mandatory
Experience in working with global teams and dealing with integrated internal audit and assurance delivery
Prior experience of conducting risk-based audits and presenting results to management
Experience in managing regulatory relationships and presenting insights into governance committees
Knowledge and experience of risk issue management criteria, tools, and methods
Understanding of how risks and control deficiencies need to be prioritized and remediated across the first and second line of defence
Critical thinking is a key requirement of the role
Effective leader, being able to manage and develop auditors with different experience and background, building a culture of trust, support, and accountability

What we offer:

Competitive base salary (which is annually reviewed)
Additional benefits that support you (and your family) to be well, live well and save well
Hybrid working model (up to 2 days working at home per week)
Business casual workplace

Additional Information:

Job Posted:
May 09, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Internal Audit Head - Saudi and Iraq